SCMN 3730 FINAL EXAM NEWEST 2024-2025
ACTUAL EXAM COMPLETE 100 QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) |ALREADY GRADED A+
Application hosted by the buying firm to allow users to search
for products, place and track orders, receive and pay for
purchases. - CORRECT ANSWER-Requisition to pay (RTP)
Applications (Buy-Side Applications)
When there is low number of suppliers and high product
complexity, ___ are the most common form of eProcurement. -
CORRECT ANSWER-Supplier Catalogue Site (Sell-Side
Applications)
Web portals which offer an online store for buyers and suppliers
to conduct transactions. Suppliers offer content, allowing buyers
to browse in multiple catalogues on one site. - CORRECT
ANSWER-Electronic Marketplaces
The goal of the total cost model is to minimize the cost of each
subcomponent of cost. - CORRECT ANSWER-False
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Placing orders and piece price would be ___ costs. - CORRECT
ANSWER-Transaction
Which type of cost analysis is most accurate: - CORRECT
ANSWER-Detailed Cost Analysis
Calculating a cost analysis based on all the underlying processes
and materials is known as: - CORRECT ANSWER-Detailed
Cost Analysis
Which type of cost analysis is least accurate: - CORRECT
ANSWER-round table cost analysis
Reduced purchasing costs, inventory levels and waste are
examples of cost advantage. - CORRECT ANSWER-True
A purchasing department characterized by decentralized roles
with no corporate oversight would be: - CORRECT ANSWER-
Decentralized
When it comes to lead times, procurement departments aim to
___, ___, and ___ the amount of time it takes for the product to
arrive - CORRECT ANSWER-Stabilize, Reduce, Ensure
,3|Page
Which type of purchasing structure has the least corporate
leverage? - CORRECT ANSWER-Decentralized
Within a supply chain, site specificity requires: - CORRECT
ANSWER-The supply chain is situated as to economize
transactions for a specific location
When deciding which products to delegate to first tier suppliers,
a buyer will generally want to maintain control over the items
with the least impact on total costs. - CORRECT ANSWER-
False
Market governance along the supply chain is highly adaptive, -
CORRECT ANSWER-true
When processes are done in-house in the home country, it would
be considered: - CORRECT ANSWER-Domestic Insourcing
Targeting specific segments of an industry is ___ type of
competitive advantage: - CORRECT ANSWER-Focus
Targeting customers is all or most segments of an industry based
on offering the lowest price is ___ type of competitive
advantage: - CORRECT ANSWER-Cost Leadership
, 4|Page
Power of suppliers, power of buyers, threat of new entrants and
threat of substitutes are all part of which type of situation
analysis: - CORRECT ANSWER-S forces
Innovative products should be matched with a responsive supply
chain. - CORRECT ANSWER-true
When evaluating a service, ___ is the knowledge and courtesy
of employees and their ability to inspire trust and confidence. -
CORRECT ANSWER-Assurance
___ is a process, supported by a set of tools, to translate
customer requirements, or "voice of the customer," into
specification. - CORRECT ANSWER-Quality Function
Development
The traditional view of quality is an unavoidable need for basic
detection and prevention costs, with an ever increasing cost of
correction. - CORRECT ANSWER-False
___ quality costs are consequences of replacing product that
fails at the customer. - CORRECT ANSWER-External
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